In Google limelight, XYZ CEO rules out sale

Aug 17 (Reuters) - Daniel Negari could not be clearer - his
company is not for sale.

XYZ.com LLC's founder and CEO Negari says he was literally
shaking with excitement when he read Google Inc's
announcement that .xyz would host the website of the tech
giant's new company, Alphabet Inc.

"I walked over to my team and said this is the biggest thing
that could have ever happened to us. I read the message again
because it was so surreal," Negari said.

The 29-year-old entrepreneur, who has offices in Beverly
Hills and Las Vegas, told Reuters on Monday that XYZ had seen a
very large increase in interest for strategic investments as
well as total buyout after Google unveiled its new face.

Negari, however, insists that his company is not for sale.

"I believe I was put on the earth to do .xyz, and to bring
it to the market. My work is nowhere near done," Negari said.

He added that the company had seen interest from large
technology players amongst others.

The young CEO, who paid the Internet Corporation for
Assigned Names and Numbers (ICANN) $185,000 to apply for .xyz,
told Reuters that while an initial public offering could not be
ruled out, the company did not have any immediate plans for it.

Google's validation of the .xyz domain has helped the number
of domains the company registers grow many fold, ICANN'S
youngest registry operator Negari said.

While the company normally registers 3,000 domains a day on
average, 30,000 .xyz domains were registered in the week of
Google's announcement.

"This (Google's announcement) raises the profile to a level
that all the marketing and advertising we do all over the world
couldn't have taken us to," Negari said.

XYZ also owns .college and .rent and plans to launch domains
such as .security, .protection, .theatre, .car, .cars and .auto
by the end of this year.
(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Don
Sebastian)